GTS Securities LLC Has $203,000 Holdings in Carpenter Technology Co. (NYSE:CRS)

GTS Securities LLC trimmed its position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 58.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,197 shares of the basic materials company's stock after selling 1,673 shares during the period. GTS Securities LLC's holdings in Carpenter Technology were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Carpenter Technology by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,084 shares of the basic materials company's stock worth $17,494,000 after acquiring an additional 15,853 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Carpenter Technology during the fourth quarter worth $20,101,000. Two Sigma Advisers LP raised its holdings in Carpenter Technology by 5.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,800 shares of the basic materials company's stock valued at $305,000 after buying an additional 100 shares in the last quarter. Tyro Capital Management LLC raised its holdings in Carpenter Technology by 20.1% during the fourth quarter. Tyro Capital Management LLC now owns 178,693 shares of the basic materials company's stock valued at $30,326,000 after buying an additional 29,944 shares in the last quarter. Finally, State of Wyoming raised its holdings in Carpenter Technology by 38.7% during the fourth quarter. State of Wyoming now owns 1,831 shares of the basic materials company's stock valued at $311,000 after buying an additional 511 shares in the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CRS. Northcoast Research upgraded Carpenter Technology from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Carpenter Technology from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $168.00.

Insider Buying and Selling

In other Carpenter Technology news, Director I Martin Inglis sold 3,433 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $197.66, for a total transaction of $678,566.78. Following the completion of the sale, the director now owns 6,732 shares in the company, valued at approximately $1,330,647.12. The trade was a 33.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Carpenter Technology Trading Up 0.3%

CRS stock traded up $0.84 during trading on Wednesday, hitting $247.14. The company had a trading volume of 615,616 shares, compared to its average volume of 771,334. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $201.13 and a 200-day moving average price of $193.19. Carpenter Technology Co. has a 12 month low of $95.17 and a 12 month high of $250.39. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 0.93 and a beta of 1.33.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. The firm had revenue of $727.00 million during the quarter, compared to analysts' expectations of $729.67 million. During the same quarter in the previous year, the company posted $1.19 EPS. Carpenter Technology's revenue was up 6.1% on a year-over-year basis. As a group, analysts predict that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, April 22nd. Carpenter Technology's dividend payout ratio (DPR) is presently 11.33%.

Carpenter Technology announced that its Board of Directors has approved a stock repurchase plan on Thursday, April 24th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the basic materials company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Carpenter Technology Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.